Oil prices have dipped as investors assess potential shipping threats in the Strait of Hormuz. The uptick in prices was initially fueled by recent assaults on Saudi Aramco and provocations from Iran. The Trump administration is mulling over the possibility of loosening sanctions on oil vessels to alleviate shipping costs, particularly given the surge in freight prices. Oil prices have dipped as investors assess potential shipping threats in the Strait of Hormuz. The uptick in prices was initially fueled by recent assaults on Saudi Aramco and provocations from Iran. The Trump administration is mulling over the possibility of loosening sanctions on oil vessels to alleviate shipping costs, particularly given the surge in freight prices.
Trending
- How opposition to data centres is bringing Democrats and Republicans together
- ‘Timely action’: India lauds US response after Illinois teen held over Hindu temple attack plot
- Con Edison’s $300M Bronx substation mimics a row of homes as $47.3M upgrade gets approval
- NYC subway hides ventilation shaft and emergency exit behind 1847 Brooklyn townhouse façade
- Texas judge overturns reservoir permit that could flood over 16,000 ranch acres
- ‘Stop protecting the VIP’: Ankita Bhandari’s parents detained after overnight protest over governor appointment
- Ukraine’s drone ops slow after Musk’s Starlink curbs as Trump warms to Putin
- Lover hits woman on head, burns her body with room heater over marriage demand
Oil prices fall $1 after touching three week high amid Middle East tensions
By
Add A Comment